Murphy Capital Management Inc buys $11,689,072 stake in 3M Co (MMM)

3M Co (MMM) : Murphy Capital Management Inc scooped up 36 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 64,431 shares of 3M Co which is valued at $11,689,072.3M Co makes up approximately 1.76% of Murphy Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in MMM in the latest quarter, The investment management firm added 25,232 additional shares and now holds a total of 68,673 shares of 3M Co which is valued at $12,458,656. 3M Co makes up approx 0.06% of Acadian Asset Management’s portfolio.Hengehold Capital Management reduced its stake in MMM by selling 8 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 3,361 shares of MMM which is valued at $609,753. 3M Co makes up approx 0.19% of Hengehold Capital Management’s portfolio.Parasol Investment Management boosted its stake in MMM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 896 shares of 3M Co which is valued at $162,275. 3M Co makes up approx 0.17% of Parasol Investment Management’s portfolio.Marathon Asset Management Llp boosted its stake in MMM in the latest quarter, The investment management firm added 7,193 additional shares and now holds a total of 373,578 shares of 3M Co which is valued at $67,658,712. 3M Co makes up approx 1.40% of Marathon Asset Management Llp’s portfolio.Baxter Bros Inc boosted its stake in MMM in the latest quarter, The investment management firm added 4,861 additional shares and now holds a total of 25,411 shares of 3M Co which is valued at $4,500,796. 3M Co makes up approx 1.40% of Baxter Bros Inc’s portfolio.

3M Co opened for trading at $181.73 and hit $182.27 on the upside on Wednesday, eventually ending the session at $181.42, with a gain of 0.10% or 0.18 points. The heightened volatility saw the trading volume jump to 14,13,335 shares. Company has a market cap of $110,034 M.

On the company’s financial health, 3M Co reported $1.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.92. The company had revenue of $7409.00 million for the quarter, compared to analysts expectations of $7326.17 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.85 EPS.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.

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